|
Antoninianus
The ''antoninianus'' or pre-reform radiate, was a coin used during the Roman Empire thought to have been valued at 2 denarii. It was initially silver, but was slowly debased to bronze with a minimal silver content. The coin was introduced by Caracalla in early 215 AD. It was silver, similar to the denarius except that it was slightly larger and featured the emperor wearing a radiate crown, indicating it was a double denomination. Antoniniani depicting women (usually the emperor's wife) featured the bust resting upon a crescent moon. Even at its introduction, the silver content of the antoninianus was only equal to 1.5 denarii. This created inflation: people rapidly hoarded the denarii (Gresham's law), while both buyers and sellers recognized the new coin had a lower intrinsic value and elevated their prices to compensate. Silver bullion supplies began running short because the Roman Empire was no longer conquering new territory, the Iberian silver mines had been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caracalla
Marcus Aurelius Antoninus (born Lucius Septimius Bassianus, 4 April 188 – 8 April 217), better known by his nickname "Caracalla" () was Roman emperor from 198 to 217. He was a member of the Severan dynasty, the elder son of Emperor Septimius Severus and Empress Julia Domna. Proclaimed co-ruler by his father in 198, he reigned jointly with his brother Geta, co-emperor from 209, after their father's death in 211. His brother was murdered by the Praetorian Guard later that year, under orders from Caracalla himself, who then reigned afterwards as sole ruler of the Roman Empire. Caracalla found administration to be mundane, leaving those responsibilities to his mother. Caracalla's reign featured domestic instability and external invasions by the Germanic peoples. Caracalla's reign became notable for the Antonine Constitution ( la, Constitutio Antoniniana), also known as the Edict of Caracalla, which granted Roman citizenship to all free men throughout the Roman Empire. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denarii
The denarius (, dēnāriī ) was the standard Roman silver coin from its introduction in the Second Punic War to the reign of Gordian III (AD 238–244), when it was gradually replaced by the antoninianus. It continued to be minted in very small quantities, likely for ceremonial purposes, until and through the Tetrarchy (293–313). The word ''dēnārius'' is derived from the Latin ''dēnī'' "containing ten", as its value was originally of 10 assēs.Its value was increased to 16 assēs in the middle of the 2nd century BC. The word for "money" descends from it in Italian (''denaro''), Slovene (''denar''), Portuguese (''dinheiro''), and Spanish (''dinero''). Its name also survives in the dinar currency. Its symbol is represented in Unicode as 𐆖 (U+10196), a numeral monogram that appeared on the obverse in the Republican period, denoting the 10 asses ("X") to 1 denarius ("I") conversion rate. However it can also be represented as X̶ (capital letter X with combining lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denarius
The denarius (, dēnāriī ) was the standard Roman silver coin from its introduction in the Second Punic War to the reign of Gordian III (AD 238–244), when it was gradually replaced by the antoninianus. It continued to be minted in very small quantities, likely for ceremonial purposes, until and through the Tetrarchy (293–313). The word ''dēnārius'' is derived from the Latin ''dēnī'' "containing ten", as its value was originally of 10 assēs.Its value was increased to 16 assēs in the middle of the 2nd century BC. The word for "money" descends from it in Italian (''denaro''), Slovene (''denar''), Portuguese (''dinheiro''), and Spanish (''dinero''). Its name also survives in the dinar currency. Its symbol is represented in Unicode as 𐆖 (U+10196), a numeral monogram that appeared on the obverse in the Republican period, denoting the 10 asses ("X") to 1 denarius ("I") conversion rate. However it can also be represented as X̶ (capital letter X with combining lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regalianus
P. C. Regalianus (died 260/261), also known as Regalian, was Roman usurper for a few months in 260 and/or 261, during the Crisis of the Third Century, a period of intense political instability in the Roman Empire. Regalianus was acclaimed emperor by the troops along the Danube river, a region of the empire that frequently experienced barbarian raids, probably in the hope that he might be able to secure the frontier. Accounts by surviving literary sources concerning Regalianus are brief and few in number, and are mostly considered unreliable. The ''Historia Augusta'' relates that he was of Dacian descent, and a descendant of the Dacian king Decebalus, but this is mostly rejected in modern scholarship. Regalianus was married to Sulpicia Dryantilla, a woman from a prestigious senatorial family, which instead points to Regalianus also being of high-ranking Roman descent. Regalianus' acclamation as emperor was in the wake of a previous usurpation attempt by Ingenuus, also proclaimed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbarous Radiate
Barbarous radiates are imitations of the antoninianus, a type of coin issued during the Roman Empire, which are so named due to their crude style and prominent radiant crown worn by the emperor. Barbarous radiates were issued privately primarily during the Crisis of the Third Century (c. 259–274 AD) in the western provinces. They are not generally regarded as forgeries since they were rarely deceptive because they were smaller and cruder than standard issues. They probably functioned as small change. Although earlier numismatists, notably Philip V. Hill, theorized that barbarous radiates were produced long after their prototypes and into the Dark Ages and Saxon period, more recent works argue that they were generally contemporary to their prototypes. According to Hill, in England, although barbarous radiates were clearly produced at several different locations, hoard evidence demonstrate local styles. For example, in northern England there was a greater affinity towards produc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aurelian
Aurelian ( la, Lucius Domitius Aurelianus; 9 September 214 October 275) was a Roman emperor, who reigned during the Crisis of the Third Century, from 270 to 275. As emperor, he won an unprecedented series of military victories which reunited the Roman Empire after it had nearly disintegrated under the pressure of barbarian invasions and internal revolts. Born in humble circumstances, near the Danube River, he entered the Roman military in 235, and climbed up the ranks. He went on to lead the cavalry of the emperor Gallienus, until Gallienus' assassination in 268. Following that, Claudius Gothicus became emperor until his own death in 270. Claudius' brother Quintillus ruled the empire for three months, before Aurelian became emperor. During his reign, he defeated the Alamanni after a devastating war. He also defeated the Goths, Vandals, Juthungi, Sarmatians, and Carpi. Aurelian restored the Empire's eastern provinces after his conquest of the Palmyrene Empire in 273. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weimar Republic
The Weimar Republic (german: link=no, Weimarer Republik ), officially named the German Reich, was the government of Germany from 1918 to 1933, during which it was a constitutional federal republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic (german: Deutsche Republik, link=no, label=none). The state's informal name is derived from the city of Weimar, which hosted the constituent assembly that established its government. In English, the republic was usually simply called "Germany", with "Weimar Republic" (a term introduced by Adolf Hitler in 1929) not commonly used until the 1930s. Following the devastation of the First World War (1914–1918), Germany was exhausted and sued for peace in desperate circumstances. Awareness of imminent defeat sparked a revolution, the abdication of Kaiser Wilhelm II, formal surrender to the Allies, and the proclamation of the Weimar Republic on 9 November 1918. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revaluation
Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system. In contrast, a devaluation is an official ''reduction'' in the value of the currency. Under floating exchange rates, a rise in a currency's value is an appreciation. Altering the face value of a currency without changing its purchasing power is a redenomination, not a revaluation (this is typically accomplished by issuing a new currency with a different, usually lower, face value and a different, usually higher, exchange rate while leaving the old currency unchanged; then the new replaces the old). In a fixed exchange rate system, the central bank maintains an officially announced exchange rate by standing ready to buy or sell foreign currency at that rate. In general terms, revaluation of a currency is a calculated adjustment to a country's official ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paper Money
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.svg "Click for more on -> Weimar Republic")
